American Outdoor Brands Corporation (NASDAQ:AOBC) – Analysts at Wedbush boosted their Q1 2018 earnings per share (EPS) estimates for shares of American Outdoor Brands Corporation in a research report issued to clients and investors on Monday. Wedbush analyst J. Hardiman now anticipates that the company will earn $0.13 per share for the quarter, up from their prior forecast of $0.12. Wedbush currently has a “Neutral” rating and a $23.00 target price on the stock. Wedbush also issued estimates for American Outdoor Brands Corporation’s Q3 2018 earnings at $0.50 EPS and Q4 2018 earnings at $0.68 EPS.

Several other brokerages have also issued reports on AOBC. Zacks Investment Research lowered American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Wunderlich reiterated a “hold” rating and set a $22.00 price objective on shares of American Outdoor Brands Corporation in a research note on Friday, June 23rd. ValuEngine lowered American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Jefferies Group LLC reiterated a “hold” rating on shares of American Outdoor Brands Corporation in a research note on Friday, June 2nd. Finally, Vetr upgraded American Outdoor Brands Corporation from a “sell” rating to a “strong-buy” rating and set a $26.01 price objective on the stock in a research note on Tuesday, June 27th. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.50.

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American Outdoor Brands Corporation (NASDAQ AOBC) opened at 16.32 on Wednesday. The firm has a market capitalization of $879.40 million, a price-to-earnings ratio of 7.25 and a beta of 0.01. The firm has a 50-day moving average price of $19.49 and a 200-day moving average price of $20.85. American Outdoor Brands Corporation has a one year low of $16.31 and a one year high of $29.25.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, June 29th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.19. American Outdoor Brands Corporation had a return on equity of 37.76% and a net margin of 13.87%. The firm had revenue of $229.20 million for the quarter, compared to analyst estimates of $210.82 million. The firm’s quarterly revenue was up 3.7% on a year-over-year basis.

Several institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors purchased a new position in American Outdoor Brands Corporation during the first quarter worth about $681,000. First Quadrant L P CA purchased a new position in American Outdoor Brands Corporation during the first quarter worth about $1,351,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in American Outdoor Brands Corporation during the first quarter worth about $111,000. Russell Investments Group Ltd. purchased a new position in American Outdoor Brands Corporation during the first quarter worth about $1,283,000. Finally, IFP Advisors Inc purchased a new position in American Outdoor Brands Corporation during the first quarter worth about $368,000. Hedge funds and other institutional investors own 72.61% of the company’s stock.

About American Outdoor Brands Corporation

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

Earnings History and Estimates for American Outdoor Brands Corporation (NASDAQ:AOBC)

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